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Goldman’s Rubner Orders SPX 7K Hat
If you ask Goldman's Scott Rubner, the S&P's likely to hit 6,200 by year-end, and who knows, maybe 7,000 before next summer.
This is, he reminded market participants, the "best seasonal period of the year for US equities," and the retail crowd's pretty fired up, as evidenced by, for example, manic gains in crypto.
If you're curious, it's actually "normal" for US shares to consolidate right about now. The figures below show you the seasonal looking back a century, with the consolidation sha
We sure have discounted a lot of good news well before inauguration day and all the promises of “on day one’.
The widening of the rally can be taken as a strong sign. Or as a last hurrah sort of thing. Who knows?
Where’s the moderating voice of Scott Bessent?
From Marketwatch tonight: ““On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders,”
Uh, aren’t Canada and Mexico part of the successor treaty to NAFTA?
Yeah, but that was negotiated by some guy who wasn’t very smart. The new guy is going to make that old guy look like an idiot.